3. Think of a business concept that would be appropriatefor each of the following: a sole proprietorship, a corporation, and a limited liability company.

2. Do you think that the UCC Statute of Frauds as it currently exists is more likely to prevent fraud, or is it more likely to encourage misunderstandings and deception? Why? Overall, is it sensible to require that purchases of big-ticket items be inwriting before they are final?